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Mike Simmonds @smikesme.bsky.social

Less than half a century ago when the top tax rate was 70% and strong collective bargaining meant a fairer distribution of profit between capital and labor workers had more freedom. Now many need 2nd and 3rd jobs just to exist in a society that worships the wealthy over the productive.

aug 17, 2025, 7:26 pm • 0 0

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joofie57.bsky.social @joofie57.bsky.social

Half a century ago families worked more jobs, had 2/3rds the real income, and owned their own homes at lower rates than today.

aug 17, 2025, 7:38 pm • 0 0 • view
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Mike Simmonds @smikesme.bsky.social

I know your home ownership claim is bunk, so I still question the rest. Home ownership has been in the low 60s since the 60s. I'll admit I am from a country that used to have free healthcare and education to university and those things have certainly changed. Not to the predatory level in the US.

aug 17, 2025, 7:57 pm • 0 0 • view
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joofie57.bsky.social @joofie57.bsky.social

Census data supports what I said.

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aug 17, 2025, 8:21 pm • 0 0 • view
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George Pearkes @peark.es

You don’t know what you’re talking about lol. The home ownership rate was lower in 1975 than it is today.

FRED chart of the Cenus quarterly homeownership rate.
aug 17, 2025, 10:12 pm • 2 0 • view
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rbrt @rbrt2842.bsky.social

Ok but I don't care about the highest marginal tax rate. The effective tax rate was ~%3 percent higher during that period and you shouldn't believe a small shift in the effective tax is what completely destroyed your imaginary paradise.

aug 17, 2025, 10:40 pm • 1 0 • view